Trading Symbol: TSX/NYSE American: SVM Silvercorp Announces CFO Transition

1

NEWS RELEASE

Trading Symbol: TSX/NYSE American: SVM

Silvercorp Announces CFO Transition

VANCOUVER, British Columbia – November 12, 2025 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE

American: SVM) announces changes to its senior accounting and finance team.

Effective November 10, Derek Liu, who has served as Chief Financial Officer since 201 5, retired from his role as CFO. He will

continue to provide assistance to the Company as needed during a transition period in a consulting capacity. The Company

thanks Mr. Liu for his long-standing dedication and significant contributions to Silvercorp , and wishes him all the best in his

retirement.

Silvercorp is pleased to announce the appointment of Winnie Wang as Interim Chief Financial Officer, effective immediately.

Ms. Wang has been with the Company since 2024, most recently serving as CFO of the Comp any’s China Operations. She

brings over 15 years of leadership in the areas of corporate finance, accounting and financial reporting, treasury planning,

and internal control s. Winnie started her career as Auditor with PricewaterhouseCoopers LLP and held senior leadership

positions in finance and accounting with several multinational companies. Prior to joining Silvercorp, she was Head of Finance

and CFO for Asurion China. Winnie has a Bachelor ’s Degree from Shanghai International Studies University , a M aster of

Management from the University of International Business and Economics, and holds the Chartered Professional Accountant

(CPA) designation from CPA Australia.

In addition, the Company announces the appointment of Lei Wu as Corporate Controller, with responsibilities to include

financial reporting, financial planning, finance operations, project management, and treasury functions . Mr. Wu brings over

14 years of progressive accounting and finance experience in the mining industry and recently joined Silvercorp from New

Gold Inc. where he served as Finance Controller at the Rainy River Mine from 2021 to 2025. Lei has a Bachelor of Business

Administration (Honours) from Simon Fraser University and an MBA from the University of Southern California. He holds the

Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), and Project Management Professional (PMP)

designations.

These appointments reflect Silvercorp’s commitment to strong financial governance and internal talent development as it

continues to execute on its strategic objectives.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growt h

potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long life

mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value;

and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at

www.silvercorpmetals.com.

For further information

Silvercorp Metals Inc.

Lon Shaver

President

2

Phone: (604) 669-9397

Toll Free 1(888) 224-1881

Email: [email protected]

Website: www.silvercorpmetals.com

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release does not constitute, and is not, an offer or solicitation of an offer of securities.

This news release includes “forward-looking statements” within the meaning of the United States Private Securities Litigation

Reform Act of 1995 and “forward -looking information” within the meaning of applicable securities laws relating to, among

other things, without limitation, statements regarding the anticipated benefits of the executive appointments. By their very

nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our

actual results, performance or achievements to be materially different from any future results, performance or achievements

expressed or implied by the forward -looking statements. Forward-looking information may in some cases be identified by

words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future

performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may

differ materially from those expressed or implied by the forward -looking information. A number of risks, uncertainties and

other factors, including fluctuating commodity prices; recent market events and condition; estimation of mineral resources,

mineral reserves and mineralization and metal recovery; interpretations and assumptions of mineral resource and mineral

reserve estimates; exploration and development programs; climate change; economic factors affecting the Company; timing,

estimated amount, capital and operating expenditures and economic returns of future production; integration of future

acquisitions into existing operations ; permits and licences for mining and exploration in China; title to properties; non -

controlling interest shareholders; acquisition of commercially mineable mineral rights; financing; competition; operations and

political conditions; regulatory environment in China; regulatory environment and political climate in Bolivia and Ecuador;

integration and operations of Adventus; environmental risks; natural disasters; dependence on management and key

personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; conflicts of interest; internal

control over financial reporting as per the requirements of the Sarbanes-Oxley Act; outcome of current or future litigation or

regulatory actions; bringing actions and enforcing judgments u nder U.S. securities laws; cyber -security risks; public health

crises; the Company’s investment in New Pacific Metals Corp. and Tincorp Metals Inc.; and the other risk factors described in

the Company’s latest 40-F/Annual Information Form , and Management’s Discussion and Analysis, each under the heading

“Risk Factors” available on www.sedarplus.ca and www.sec.gov; could cause actual results and events to differ materially from

those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions

to change. Accordingly, we warn investors to exercise caution w hen considering statements containing forward -looking

information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results

or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue

reliance on this forward -looking information. Any forward -looking information con tained in this news release represents

expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation

(and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the

factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as

required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

3

A comprehensive discussion of risks that impact Silvercorp, and additional information relating to the Company including

Silvercorp’s Annual Information Form can be obtained under the Company’s profile on SEDAR+ at www.sedarplus.ca, on

EDGAR at www.sec.gov, and on the Company’s website at www.silvercorpmetals.com